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Polygon Price Prediction 2024-2030: Is MATIC Going Past $10 Soon?

Key Takeaways

  • MATIC price declines toward $0.62 following bearish dominance.
  • MATIC price prediction for 2024 expects the price of MATIC to surge toward $1.03.
  • By 2030, we expect the MATIC price to record a maximum price of $10.51.

Polygon, an Ethereum side chain and layer two scaling solution, has experienced substantial uptake by enterprises and industries in the last year. Consequently, numerous analysts are eagerly anticipating the future valuation of its native cryptocurrency, MATIC. This raises the question: Can MATIC price reach $10? 

This forecast for Polygon’s price examines factors such as ecosystem trends, adoption rates, underlying technology, and technical analysis to project the MATIC price prediction from 2024 to 2030.

Overview

CryptocurrencyPolygon
Ticker SymbolMATIC
Rank12
Price$0.62
Price Change 24H-1.4%
Market Cap$7,240,424,326
Circulating Supply9,899,469,069.28 MATIC
Trading Volume 24H$210M
All Time High$2.92
All Time Low$0.003012

MATIC Price Prediction: Technical Analysis 

MetricValue
Current Price$0.642
SentimentBearish
Price Prediction$0.838552 (17.32% increase)
Volatility3.31%
50-Day SMA$0.706901
200-Day SMA$0.854196
14-Day RSI48.16
Fear & Greed Index73 (Greed)
Green Days12/30 (40%)

MATIC price continues to consolidate around $0.62

  • MATIC price analysis shows a bearish pressure as it drops toward the low of $0.62.
  • Resistance for MATIC is present at $0.673
  • Support for MATIC/USD is present at $0.5726

The MATIC price analysis for 16 June confirms that MATIC is struggling to validate a clear trend as it faces a decline toward $0.62. As a result, the bulls are losing confidence around each support line.

MATIC price analysis 1-day chart: Polygon struggles as it holds its momentum around $0.62

Analyzing the daily price chart of Polygon, MATIC’s price witnessed a bearish rally after bulls were unsuccessful in pushing the altcoin above immediate Fib levels. Over the last 24 hours, MATIC price has been declining toward the low of $0.62. The 24-hour volume declined to $24.4 million, showing a decreased interest in trading activity today. MATIC price is currently trading at $0.62, decreasing by over 1.4% in the last 24 hours.

The RSI-14 trend line has declined from its previous level and currently hovers around 40-level, showing that bears are slowly gaining the momentum of the price. The SMA-14 level suggests downward volatility in the next few hours.

MATIC/USD 4-hour price chart: Bulls aim for a surge above EMA trend lines

The 4-hour MATIC price chart suggests MATIC price continues to experience bearish activity around EMA lines, creating a negative sentiment on the price chart. As the price continues to face resistance near immediate Fib level, bulls are aiming to prevent further declines by sending the price above EMA20.

The BoP indicator is trading in a bearish region at 0.48, hinting that sellers are trying to build pressure near resistance levels and boost a downward correction.

Additionally, the MACD trend line has formed red candles below the signal line and the indicator aims for a negative momentum, strengthening selling positions.

MATIC Technical Indicators: Levels And Action

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$0.705963BUY
SMA 5$0.712122SELL
SMA 10$0.72195SELL
SMA 21$0.71038BUY
SMA 50$0.706901BUY
SMA 100$0.863199SELL
SMA 200$0.854196SELL

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$0.70823BUY
EMA 5$0.711731SELL
EMA 10$0.715588SELL
EMA 21$0.715549SELL
EMA 50$0.743686SELL
EMA 100$0.791671SELL
EMA 200$0.811888SELL

What to expect from MATIC price analysis next?

The hourly price chart confirms bears are making efforts to prevent the MATIC price from an immediate surge. However, if MATIC price successfully breaks above $0.673, it may surge higher and touch the resistance at $0.7613.

If bulls cannot initiate a surge, MATIC price may drop below the immediate support line at $0.5726, resulting in a correction to $0.5069. 

Is MATIC A Good Investment?

MATIC token can be a good investment option in the long run as the project develops a roadmap for its Polygon 2.0 version. Additionally, Polygon collaborates with diverse industries to enhance adoption, focusing on NFT solutions and Ethereum scalability. Partnerships include Starbucks for an NFT loyalty program, and collaborations with Adidas, Prada, and Disney to develop NFT offerings.

Recent News/Opinions on MATIC

  • Polygon records new ATH in daily active addresses, suggesting continuous adoption of the network.

MATIC Price Prediction June 2024

The Bitcoin halving event failed to push the prices of several altcoins and MATIC is one of them. Despite Polygon 2.0 update, MATIC price continues to struggle in regaining its momentum above the $1 mark.

However, analysts now expect a steady surge in crypto market prices following a bearish May and we expect MATIC price to record a minimum price of $0.6 and a maximum price of $0.9, with an average of $0.7 in June.

MATIC Price PredictionPotential LowPotential AveragePotential High
MATIC Price Prediction June 2024$0.6$0.7$0.9

MATIC Price Prediction 2024

Following the Bitcoin halving in April, analysts expect a bull market in 2024, especially with institutions rushing for Bitcoin spot ETF approvals. This anticipation suggests Polygon might hold an upward trend in 2024, though regulatory uncertainties could halt its growth, as seen with XRP in the previous bull run due to an SEC lawsuit.

Yet, MATIC, integral to Polygon’s ecosystem, may be deemed a currency or commodity rather than a security, given its utility in paying gas fees. Notably, Polygon boasts the highest enterprise adoption among Ethereum scaling solutions, with major players like Starbucks, Nike, Reddit, and Facebook building on its network. This suggests that despite regulatory concerns, corporate interest could trigger Polygon’s bullish momentum in the 2024 market.

Based on our thorough technical analysis of MATIC’s historical price data, we anticipate Polygon’s price in 2024 to range between a minimum of $0.9012 and a maximum of $1.03, with an average trading price around $0.9298.

MATIC Price PredictionPotential LowPotential AveragePotential High
MATIC Price Prediction 2024$0.9012$0.9298$1.03

MATIC Price Predictions 2025-2030

YearMinimum PriceAverage PriceMaximum Price
2025$1.34$1.39$1.57
2026$2.07$2.12$2.39
2027$3.03$3.11$3.60
2028$4.28$4.43$5.36
2029$6.08$6.26$7.41
2030$8.93$9.18$10.51

Polygon Price Prediction 2025

During a bull market, fees for using Ethereum increase a lot, making it too expensive for regular cryptocurrency users. That’s why Polygon became really popular during the last bull market. But this time around, in 2025, Polygon has tougher competition from Arbitrum, Optimism, and Starknet.

However, Polygon’s Proof of Stake (PoS) chain can handle up to 65,000 transactions per second (TPS) and is cheaper to use compared to chains like Arbitrum and Optimism. Hence, increasing adoption might drive up its price in 2025.

In 2025, the price of Polygon is forecasted to reach a minimum level of $1.34. It’s anticipated to achieve a maximum level of $1.57, with an average price of $1.39 throughout the year.

MATIC Price Forecast for 2026

Polygon has just made PolygonzkEVM available to everyone, making it one of the first ZK Rollups to do so. This is a big step forward for Polygon and gives it an advantage.

With its growing use by businesses, innovative technology, and past success, Polygon could reach a new all-time high in 2026.

According to the forecast and technical analysis, the price of Polygon is expected to hit a minimum of $2.07 in 2026. The maximum price projection stands at $2.39, with an average value of $2.12.

Polygon (MATIC) Price Prediction 2027

In 2027, one Polygon is anticipated to reach a minimum price level of $3.03. The maximum projection for MATIC price is $3.60, with an average price of $3.11 for the year.

Polygon Price Prediction 2028

For 2028, the price of Polygon is predicted to attain a minimum value of $4.28. The maximum value could soar to $5.36, with an average trading price of $4.43 throughout the year.

Polygon Price Prediction 2029

In 2029, Polygon’s price is forecasted to bottom out at $6.08. The maximum possible level for MATIC price could hit $7.41, with an average forecast price of $6.26.

Polygon (MATIC) Price Prediction 2030

Looking ahead to 2030, the price of Polygon is expected to reach a minimum of $8.93. The maximum projection stands at $10.51, with an average trading price of $9.18 throughout the year.

MATIC Price Prediction: By Experts

Firm Name20242025
Coincodex$2.24$3.56
Digital Coin Price$1.72$2.84
Changelly$1.38$2.01

Cryptopolitan’s MATIC Price Prediction

Cryptopolitan is bullish on MATIC’s future market potential as we anticipate Polygon’s price in 2024 to range between a minimum of $0.9012 and a maximum of $1.03, with an average trading price around $0.9298.

However, its future market sentiment entirely depends on SEC’s stance, global regulation and interest from investors.

MATIC Historic Price Sentiment

  • MATIC debuted in 2019, initially valued below a cent.
  • Maintained a steady level around $0.02 for the following two years.
  • The transformation of MATIC into Polygon in 2021 led to significant growth.
  • Surged past the $1 mark in May 2021, eventually peaking over $2.
  • Notably, on December 27, 2021, Polygon reached an all-time high of $2.92.
  • However, in 2022, the token struggled, dipping below $1 in May.
  • Throughout the year, it experienced several market crashes, falling below $0.50 in June.
  • There was a brief resurgence above $1 in August.
  • By the end of 2022, Polygon closed at $0.7585, reflecting a significant 70% decline.
  • The following year, 2023, saw mixed performance for Polygon.
  • It broke the $1 threshold in February but faced setbacks, such as dropping to $0.5593 in June due to Crypto.com news.
  • Nonetheless, it peaked at $0.8775 on July 13.
  • The token then experienced a decline to $0.4946 on September 11.
  • Recovering momentum, it reached $0.9789 on November 14.
  • As of January 16, 2024, Polygon was trading at approximately $0.8514. 
  • However, the price slowly recovered and recorded a high of $1.4 in March. 
  • In recent weeks of April and May, MATIC price declined heavily and is consolidating below $0.8.  

FAQs

Is it wise to put money into Polygon (MATIC)?

Polygon's value is likely to climb as a result of a lack of supply. Please keep in mind that each investment comes with a degree of risk. Make the most of what you've got before making any decisions and do as much research as you can.

By the year 2032, how much money will be made off of Polygon?

In the year 2031, the price of Polygon is anticipated to reach a maximum price of $34.42. A minimum trading value of $41.73 and an average price of $42.94 is also possible by the end of 2032. By this time, crypto adoptions might bring a new level of awareness and usage to light.

How is Polygon different from other implementations of Plasma?

Polygon's implementation of Plasma is built on state-based sidechains which run on EVM, while the other implementations of Plasma primarily use UTXOs which restricts them to being payment specific. Having state-based sidechains allows Polygon to provide scalability for generic smart contracts as well.

Why is Polygon a "sidechain solution"?

Polygon network is a "sidechain" solution where Ethereum main chain assets, i.e. all dApps / Tokens / Protocols of the main chain can be moved / migrated to Polygon sidechain(s) and when needed, one can withdraw assets back to main chain.

How is Polygon better than other sidechain solutions?

On Polygon, all side transactions are secured by multiple mechanisms on the sidechain as well as main chain. On sidechain, any transactions done by the Block producer layer are verified and checkpointed to the main chain by a highly decentralized checkpointing layer.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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